, Columnist
Insider Trading on Soccer Trades
Also social investment banking, oil divestitures, bank dividends and JETS.
Programming note: Money Stuff will be off tomorrow, back on Friday.
If you are the chief executive officer of a public company, and a bigger company comes to you and offers to buy your company, and you are considering it seriously, you will probably tell someone. You will definitely tell your board of directors. You’ll tell the company’s other senior executives. You’ll hire lawyers and bankers, and tell them. You’ll probably want their advice; at least, you will want to talk through the issues with a sympathetic listener. These people—people whose job is to advise you on mergers-and-acquisitions decisions—are the obvious people to talk to.